PPP Loan Data — Austin Fitness Group, LLC, Austin, TX
Austin Fitness Group, LLC is a limited liability company (LLC) located at 3900 Medical Pkwy in Austin, Texas that received a Coronavirus-related PPP loan from the SBA of $4,385,400.00 in April, 2020.
$ PPP Loan Information
Austin Fitness Group, LLC in Austin, TX received a Paycheck Protection Loan of $4.39M through REGIONS BANK, which was approved in April, 2020.
Based on standard PPP eligibility rules, Austin Fitness Group, LLC's total 2019 payroll expenses were approximately $21.05M in order to qualify for the PPP loan amount received.
Based on their reported 244 jobs retained, this equals an estimated average yearly compensation of $86,270 per employee1.
Business Information - Austin Fitness Group, LLC in Austin, TX
3900 Medical Pkwy
Austin, TX 78756
All Other Personal Services (NAICS code 812990)
Business Owner Demographics
Race / Ethnicity: Unreported
Veteran Status: UnreportedCongressional District: TX-10
Similar Companies near Austin
In the Austin area, 20 businesses in the "All Other Personal Services" industry received a PPP loan. These local businesses reported an average of 13 employees (compared to this company's 244) and received an average PPP loan of $240,820 (compared to this company's $4.39M).
Similar Nearby Businesses Who Received PPP Funding:
Violet Crown Yoga
John Jordan Design
Kim Carpenter Consulting LLC
Alyson Design LLC
Happy Chicks-Burnet Road LLC
Stephanie Bohn Creative
Industry PPP Comparison Statistics
Nationwide, 73,988 businesses in the "All Other Personal Services" industry received a total of $2,458,516,421.00 in PPP loans. These businesses account for 1% of total PPP applications submitted, and received 0% of the total PPP funding allocated.
PPP recipients in this industry report an average of 3 employees, 99% lower than Austin Fitness Group, LLC's reported 244 employees, and received an average PPP loan of $33,229, 99% lower than this company's loan of $4.39M.
FederalPay's PPP Information Policy
Paycheck Protection Loan data has been made public by the Small Business Administration (SBA) for all private companies that received a PPP loan. All information displayed on this page is publicly available information under PPP loan guidelines, and is published unmodified, as provided by the SBA.
Footnotes & Information
1. Payroll and salary estimates assume the borrower used the standard PPP calculation of 2.5 x average 2019 monthly payroll costs to determine PPP loan eligibility. Calculation methods vary based on entity type. Please read the latest official SBA PPP calculation rules for a full explanation of PPP loan amount calculation methods.
2. If a company's reported number of employees divided by the maximum PPP range amount per the SBA is greater than $100,000, the estimated maximum PPP loan received by the company can be adjusted down to assume no more than $100,000 yearly salary per employee was used in the PPP application. While employees at the company may earn more, $100k / employee is the maximum amount that can be used in PPP eligibility calculations.
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